BitMine Immersion Technologies Inc. (BMNR) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$21.66 -1.77% NYSE • Public Delayed / 60s Snapshot

BitMine Immersion Technologies Inc. (BMNR) receives a Roarable Rating of D (Sell) and flashes a Red SELL / AVOID warning (60/100 RQD Confidence). Our SEC filing scanner spotted paper earnings outpacing real operating cash flow (+220.0% (NI vs OCF)) while unpaid customer invoices grew—a classic sign to step aside until cash flow catches up.

ROARABLE D • SELL / AVOID Cap $13.07B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERSELL / AVOID • D
025507510060
2-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw D · Rk D
Cash (5)Whales (10)SEC (8)Macro (17)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+0.9% Base Target
$47 Bull$22 Base$17 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:54% Call Buyers ($2.4M)
46% PutsMax Pain: $21.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How BMNR Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)
Revenue$6.1MGross Profit $310.0K (5.1%)Cost of Sales $5.8MOp Profit $310.0K (5.1%)OpEx (R&D/SG&A) $0Net Profit$348.6M (5719.1%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $645.3K
FY24
Rev $3.3M
FY25
Rev $6.1M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$6.1M5.1%7288.1%$348.6M-$5.2M3.4%
FY 2024$3.3M23%-74%-$3.3M-$106.0K-39.7%
FY 2023$645.3K44%-374%-$2.5M-$838.8K0%
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BMNR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -5.70%▼ SUPPORT BREAKDOWN
2026-10-30O $20.39H $20.77L $19.60C $20.18VOL 38.33M
RES: $30.45SUP: $21.69SMA50: $24.45SMA200: $20.94
$36.73$30.24$23.76$17.27$10.79RES $30.45SUP $21.69$20.182026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BMNR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
28.7%/yr Implied 5Y Growth

vs. +84.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on BMNR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BMNR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for BMNR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

BMNR Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is BitMine Immersion Technologies Inc. (BMNR)?

In FY 2025 (10-K), BMNR converted $6.1M of revenue into a 5.1% gross margin, 5.1% operating margin, and $0 in free cash flow (0% FCF margin).